{"id":1363,"date":"2024-11-18T16:55:56","date_gmt":"2024-11-18T13:55:56","guid":{"rendered":"https:\/\/market-monitor.staginghub.net\/?p=1363"},"modified":"2024-11-21T15:24:22","modified_gmt":"2024-11-21T12:24:22","slug":"market-monitor-13","status":"publish","type":"post","link":"https:\/\/market-monitor.staginghub.net\/ro\/2024\/11\/18\/market-monitor-13\/","title":{"rendered":"Market Monitor 13"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\"><strong>18 Noiembrie 2024<\/strong><\/h4>\n\n\n\n<p>Bun venit venit la edi\u021bia s\u0103pt\u0103m\u00e2nal\u0103 a newsletter-ului nostru despre pie\u021bele interna\u021bionale.&nbsp;<\/p>\n\n\n\n<p>Acest material este structurat pe<strong> 3 categorii de informa\u021bii, <\/strong>pentru o lectur\u0103 mai facil\u0103 \u0219i urm\u0103rirea cursiv\u0103:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Informa\u021bii de lucru &#8211; MARKET PERFORMANCE&nbsp;<\/strong><\/li>\n\n\n\n<li><strong>Informa\u021bii utile &#8211; ADDITIONAL RESOURCES&nbsp;<\/strong><\/li>\n\n\n\n<li><strong>Informa\u021bii educative &#8211; EDUCATION GUIDE&nbsp;<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Acest newsletter are scop pur informativ \u0219i educativ, prin urmare nu con\u021bine recomand\u0103ri de investi\u021bii.&nbsp;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong><em>SEC\u021aIUNEA: MARKET PERFORMANCE&nbsp;<\/em><\/strong><\/h4>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Rezumatul s\u0103pt\u0103m\u00e2nii precedente:&nbsp;<\/strong><\/h4>\n\n\n\n<p><strong>11 &#8211; 15 Noiembrie 2024&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>INFLA\u021aIA ANUAL\u0102 PE OCTOMBRIE A CRESCUT.<\/strong>&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Cea mai a\u0219teptat\u0103 raportare de s\u0103pt\u0103m\u00e2na trecut\u0103 a fost indicele infla\u021biei <strong>(Consumer Price Index &#8211; CPI).<\/strong><br>Infla\u021bia lunar\u0103 a fost raportat\u0103 \u00een valoarea a\u0219tept\u0103rilor, de<strong> 0,2% <\/strong>pentru luna Octombrie.<\/p>\n\n\n\n<p>Dar<strong> CPI<\/strong> a crescut la 2,6% de la an la an, fa\u021b\u0103 de 2,4% luna trecut\u0103, iar infla\u021bia de baz\u0103 (Core CPI &#8211; co\u0219 de bunuri din care sunt excluse alimentele \u0219i energia, care au pre\u021buri mai volatile) a r\u0103mas stabil\u0103 la 3,3%, ambele \u00een conformitate cu previziunile.&nbsp;<\/p>\n\n\n\n<p>Unele p\u0103r\u021bi ale co\u0219ului de bunuri dup\u0103 care se m\u0103soar\u0103 infla\u021bia au sc\u0103zut luna trecut\u0103, inclusiv energia, benzina, anumite alimente \u0219i pre\u021burile vehiculelor noi. Cu toate acestea, domenii precum pre\u021burile locuin\u021belor \u0219i chiriilor \u0219i chiar asigur\u0103rile pentru autovehicule au r\u0103mas \u00een continuare ridicate.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>POLITICA DE TARIFE POATE INFLUEN\u021aA, LIMITAT \u0218I PENTRU O PERIOAD\u0102, INDICELE INFLA\u021aIEI.<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Poate c\u0103 incertitudinea cea mai mare pentru mul\u021bi investitori este c\u0103, \u00een timp ce ratele infla\u021biei continu\u0103 s\u0103 fie, \u00een general, limitate \u0219i cu mult sub maximele recente, exist\u0103 \u00eengrijorarea c\u0103 aceast\u0103 situa\u021bie s-ar putea inversa dac\u0103 vom asista la apari\u021bia unor politici infla\u021bioniste \u00een anul urm\u0103tor sub noua administra\u021bie.&nbsp;<\/p>\n\n\n\n<p>Un domeniu pe care investitorii \u00eel indic\u0103 ca surs\u0103 de infla\u021bie poten\u021bial\u0103 este politica tarifar\u0103.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Care ar putea fi impactul asupra pre\u021burilor:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u00cen general, atunci c\u00e2nd tarifele sunt impuse asupra bunurilor, acestea tind s\u0103 aib\u0103 impact o singur\u0103 dat\u0103 asupra pre\u021bului importurilor, \u0219i anume imediat \u00een perioada de dup\u0103 impunere.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Istoria ne spune c\u0103, \u00een timp, pre\u021burile revin la normal. Sunt exemple de bunuri de import care au crescut chiar \u0219i cu 50% \u0219i care, dup\u0103 o vreme &#8211; o lun\u0103, mai multe luni, un an &#8211; au revenit la pre\u021burile din momentul impunerii tarifului.<\/li>\n\n\n\n<li><\/li>\n\n\n\n<li><strong>FED SPUNE C\u0102 ECONOMIA NU TRANSMITE VREUN SEMNAL C\u0102 AR TREBUI REDUSE RATELE DOB\u00c2NZII.<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong>Pre\u0219edintele Fed, Jerome Powell,<\/strong> a vorbit s\u0103pt\u0103m\u00e2na trecut\u0103 la Federal Reserve Bank of Dallas, iar comentariile sale au indicat o abordare mai gradual\u0103 a reducerilor de rate. Powell a men\u021bionat c\u0103 economia SUA r\u0103m\u00e2ne rezistent\u0103, iar pia\u021ba muncii, de\u0219i a \u00eencetinit pu\u021bin \u00een octombrie, r\u0103m\u00e2ne s\u0103n\u0103toas\u0103, cu o rat\u0103 a \u0219omajului de 4,1%, care este cu mult sub mediile istorice.<\/p>\n\n\n\n<p>Pre\u0219edintele Fed a remarcat, de asemenea, c\u0103 aceast\u0103 cre\u0219tere a economiei din SUA este <strong><em>\u201ede departe cea mai bun\u0103 dintre toate economiile majore din lume\u201d. <\/em><\/strong>Aceast\u0103 no\u021biune de excep\u021bionalism al SUA s-a reflectat \u0219i \u00een pie\u021bele bursiere, indicele S&amp;P 500 dep\u0103\u0219ind performan\u021bele indicilor pie\u021belor globale p\u00e2n\u0103 \u00een prezent, \u00een 2024.&nbsp;<\/p>\n\n\n\n<p>Av\u00e2nd \u00een vedere aceast\u0103 rezisten\u021b\u0103, Powell a remarcat, de asemenea, c\u0103 <strong><em>\u201eeconomia nu trimite niciun semnal c\u0103 ar trebui s\u0103 ne gr\u0103bim s\u0103 reducem ratele\u201d.<\/em><\/strong> Acest lucru a st\u00e2rnit o oarecare \u00eengrijorare pe pie\u021be cu privire la faptul c\u0103 Fed ar putea s\u0103 nu reduc\u0103 ratele la fel de mult cum se credea anterior.&nbsp;<\/p>\n\n\n\n<p>Dup\u0103 comentariile lui Powell, probabilitatea unei reduceri a ratei din decembrie a sc\u0103zut din nou, conform <strong><em>CME FedWatch<\/em><\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>V\u00c2NZ\u0102RILE CU AM\u0102NUNTUL AU CRESCUT PESTE A\u0218TEPT\u0102RI.<\/strong><\/li>\n<\/ul>\n\n\n\n<p>V\u00e2nz\u0103rile cu am\u0103nuntul <strong>(US Retail Sales) <\/strong>au crescut cu 0,4% luna trecut\u0103, fa\u021b\u0103 de un 0,3% previzionat, ceea ce arat\u0103 o economie rezilient\u0103, dup\u0103 cum consider\u0103 \u0219i Fed. <strong><em>\u00cen acela\u0219i timp, a avut loc \u0219i o revizuire a cifrei din Septembrie, care fusese dat\u0103 ca fiind 0,4% &#8211; noua cifr\u0103 este de 0,8%, adic\u0103 dublu.<\/em><\/strong><\/p>\n\n\n\n<p>V\u00e2nz\u0103rile cu am\u0103nuntul reprezint\u0103 aproximativ o treime din toate cheltuielile de consum \u0219i ofer\u0103 indicii cu privire la puterea economiei.<\/p>\n\n\n\n<p>Mul\u021bi anali\u0219ti pun aceast\u0103 cre\u0219tere a v\u00e2nz\u0103rilor \u0219i pe seama apropierii s\u0103rb\u0103torilor.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>PRESIUNI CA TRUMP S\u0102 NU ELIMINE SUBVEN\u021aIA PENTRU VEHICULELE ELECTRICE<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Planurile pre\u0219edintelui ales Trump de a sc\u0103pa de creditele fiscale pentru vehiculele electrice \u00eent\u00e2mpin\u0103 reac\u021bii negative din partea industriei.<\/p>\n\n\n\n<p>Vineri, un grup care reprezint\u0103 principalii produc\u0103tori de vehicule electrice \u0219i de baterii (GM, Ford, Stellantis, Rivian) l-a \u00eendemnat s\u0103 revin\u0103 asupra deciziei, potrivit Reuters, subliniind impactul economic negativ pe care l-ar avea eliminarea creditelor.<\/p>\n\n\n\n<p>Actuala subven\u021bie de <strong>7 500 de dolari<\/strong> a fost un stimulent cheie care a condus la adoptarea vehiculelor electrice de c\u0103tre consumatorii din SUA, iar eliminarea acesteia ar putea face aceste vehicule mai pu\u021bin accesibile.<\/p>\n\n\n\n<p>\u00cen acela\u0219i timp, ac\u021biunile<strong> Tesla<\/strong> au crescut s\u0103pt\u0103m\u00e2na trecut\u0103, investitorii baz\u00e2ndu-se probabil pe rela\u021biile personale dintre Trump \u0219i Musk.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>&nbsp;SEZONUL RAPORT\u0102RILOR FINANCIARE<\/strong><\/h4>\n\n\n\n<p><strong>ATEN\u021aIE: Numeroase raport\u0103ri financiare \u00een s\u0103pt\u0103m\u00e2na care s-a \u00eencheiat&nbsp; pentru Q3 2024 \u0219i alte raport\u0103ri importante \u00een s\u0103pt\u0103m\u00e2na care urmeaz\u0103, ce v\u0103 pot afecta portofoliul. Verifica\u021bi datele de raportarele pentru ac\u021biunile de\u021binute \u0219i urm\u0103ri\u021bi \u00eendeaproape evolu\u021bia lor \u00een aceast\u0103 perioad\u0103.&nbsp;<\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Ce s-a \u00eent\u00e2mplat s\u0103pt\u0103m\u00e2na trecut\u0103<\/strong><\/h4>\n\n\n\n<p>S\u0103pt\u0103m\u00e2na trecut\u0103 a continuat avalan\u0219a raport\u0103rilor financiare, cu &nbsp;<strong>SHOPIFY (SHOP), SPOTIFY (SPOT), TENCENT (TCEHY),<\/strong> <strong>WALT DISNEY (DIS)<\/strong>, <strong>ALIBABA (BABA)<\/strong> \u0219i foarte mul\u021bi al\u021bii.<\/p>\n\n\n\n<p>Cu excep\u021bia SPOTIFY din cei aminti\u021bi, raport\u0103rile au fost pozitive, peste estim\u0103ri.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXccoZ1BQGidauWTOTC_SSnw3Ch6q_XPFFFYXmueAl3mK_-lUIrUsCNZsevSYyZuSyUzD8EYRHrXWQroFAb_3aCBi3N7x-ohVVh7uMrkT4bC-heGezMZZ0UZECUDN2YMSypo8Q2yy781cvO9dYCdetc?key=xDOISBTpxFuOafFfBAkSIvJC\" alt=\"\"\/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Ce se va \u00eent\u00e2mpla s\u0103pt\u0103m\u00e2na aceasta:<\/strong><\/h4>\n\n\n\n<p><strong>NVIDIA &#8211; <\/strong>ultimul din cei \u0218apte Magnifici din tehnologie \u00ee\u0219i prezint\u0103 miercuri rapoartele financiare.<\/p>\n\n\n\n<p>Alte dou\u0103 companii de tehnologie importante &#8211; <strong>Palo Alto Networks (PANW) si Snowflake (SNOW) vor avea raport\u0103ri \u00een aceea\u0219i zi cu NVIDIA.<\/strong><\/p>\n\n\n\n<p>Mai jos, o scurt\u0103 selec\u021bie cu unele dintre firmele majore ce \u00ee\u0219i vor prezenta public cifrele s\u0103pt\u0103m\u00e2na aceasta:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXf8M-qA_U3DQvfmfrEcKg4gGurjUX7i-Z-r1p8POXxCG2F33pR1Q4Fiqin31s6K8kRXWU_HXT-ZBT9Vqw4qnwbCkNGOMWB4m6GbVXzyJezXQjp2rRIKPMFGuoilJxHSAmB4KRjtBHBi61hO9E97EA?key=xDOISBTpxFuOafFfBAkSIvJC\" alt=\"\"\/><\/figure>\n\n\n\n<p>Vezi toate raport\u0103rile s\u0103pt\u0103m\u00e2nii aici:<\/p>\n\n\n\n<p><a href=\"https:\/\/www.investing.com\/earnings-calendar\">https:\/\/www.investing.com\/earnings-calendar<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>ANALIZA PRINCIPALILOR INDICI<\/strong><\/h4>\n\n\n\n<p>&nbsp;To\u021bi cei 3 indici americani au sc\u0103zut s\u0103pt\u0103m\u00e2na trecut\u0103:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>S&amp;P 500 (simbol US500\/SPX) a sc\u0103zut cu <\/strong><strong>2,08%<\/strong><strong>&nbsp;<\/strong><\/li>\n\n\n\n<li><strong>Dow Jones Industrial Average (simbol DJI) a sc\u0103zut cu <\/strong><strong>1,24%<\/strong><strong>&nbsp;<\/strong><\/li>\n\n\n\n<li><strong>Nasdaq Composite (simbol IXIC) a sc\u0103zut cu <\/strong><strong>3,15%&nbsp;<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"684\" height=\"796\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.01.09.png\" alt=\"\" class=\"wp-image-1325\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.01.09.png 684w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.01.09-258x300.png 258w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.01.09-150x175.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.01.09-300x349.png 300w\" sizes=\"(max-width: 684px) 100vw, 684px\" \/><\/figure>\n\n\n\n<p><strong><em>S&amp;P 500 (US) &#8211; grafic daily&nbsp;<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"688\" height=\"798\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.04.39.png\" alt=\"\" class=\"wp-image-1330\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.04.39.png 688w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.04.39-259x300.png 259w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.04.39-150x174.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.04.39-300x348.png 300w\" sizes=\"(max-width: 688px) 100vw, 688px\" \/><\/figure>\n\n\n\n<p><strong><em>DJI (US) &#8211; grafic daily&nbsp;&nbsp;<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"684\" height=\"798\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.07.15.png\" alt=\"\" class=\"wp-image-1332\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.07.15.png 684w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.07.15-257x300.png 257w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.07.15-150x175.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.07.15-300x350.png 300w\" sizes=\"(max-width: 684px) 100vw, 684px\" \/><\/figure>\n\n\n\n<p><strong><em>NASDAQ (US) &#8211; grafic daily&nbsp;&nbsp;<\/em><\/strong><\/p>\n\n\n\n<p><strong><em>&nbsp;<\/em><\/strong><em>Sursa graficelor: investing.com&nbsp;<\/em><\/p>\n\n\n\n<p>Indicii americani raman pe <strong>trend pozitiv<\/strong> pe termen mediu, dar sunt \u00een apropierea unor nivele cheie.<\/p>\n\n\n\n<p>O scadere sub nivelul gap-urile marcate pe grafic ar putea declan\u0219a scaderi de cel pu\u021bin 10% pe termen scurt.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>EVOLU\u021aII PE SECTOARE <\/strong><\/h4>\n\n\n\n<p><strong>11-15 Noiembrie<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXc03giW5OMbid58Kb1lVQkEi2Nx_hpSbMac_Z1JqDSoHIDZ2H7-OcjqeEKz4_mJS5yUTefXIyWHXWS8-ulFEcM7o145kw4oiY9-1c_mrhF5ak2IvRLD16S0VlleIGQEuxnvH4Rqw18RdMRWeBtZ3w?key=xDOISBTpxFuOafFfBAkSIvJC\" alt=\"\"\/><\/figure>\n\n\n\n<p><em>Sursa: Finviz<\/em><\/p>\n\n\n\n<p><strong>Pia\u021ba \u0219i-a mai temperat cre\u0219terea<\/strong> dup\u0103 euforia realegerii lui Donald Trump ca pre\u0219edinte \u0219i au \u00eenceput \u00eengrijor\u0103rile dup\u0103 ce a anun\u021bat persoanele care vor ocupa diverse pozi\u021bii la v\u00e2rful viitoarei administra\u021bii.<br><strong>Numai 2 sectoare pe cre\u0219tere \u0219i 9 sectoare pe sc\u0103dere.<\/strong><\/p>\n\n\n\n<p><strong>Financial <\/strong>\u0219i<strong> Energy <\/strong>\u00ee\u0219i p\u0103streaz\u0103 optimismul c\u0103 Trump va ajuta aceste sectoare prin dereglementare, de aceea au \u0219i r\u0103mas singurele pe cre\u0219tere s\u0103pt\u0103m\u00e2na trecut\u0103.<\/p>\n\n\n\n<p><strong>Healthcare <\/strong>a avut ce mai mare sc\u0103dere pe fondul \u00eengrijor\u0103rilor din industrie c\u0103 Trump inten\u021bioneaz\u0103 s\u0103-l nominalizeze pe <strong>Robert F. Kennedy Jr. <\/strong>pentru a conduce Departamentul de S\u0103n\u0103tate \u0219i Servicii Umane al SUA (HHS) \u00een viitorul s\u0103u guvern.&nbsp;<\/p>\n\n\n\n<p><strong>Kennedy<\/strong> este o figur\u0103 controversat\u0103, cunoscut pentru pozi\u021biile sale antivaccin \u0219i afirma\u021biile despre s\u0103n\u0103tate public\u0103, inclusiv leg\u0103turi nefondate \u00eentre vaccinuri \u0219i autism.&nbsp;<\/p>\n\n\n\n<p>Dac\u0103 nominalizarea sa va fi confirmat\u0103 de Senat, <strong>Kennedy<\/strong> ar avea un rol major \u00een coordonarea agen\u021biilor de s\u0103n\u0103tate public\u0103, reglementarea medicamentelor \u0219i administrarea programelor <strong>Medicare \u0219i Medicaid<\/strong>.&nbsp;<\/p>\n\n\n\n<p><strong>Cre\u0219teri:<\/strong><\/p>\n\n\n\n<p>\u25a0 <strong>Financial, <\/strong>cu o cre\u0219tere&nbsp; de +0,92%<\/p>\n\n\n\n<p>\u25a0 <strong>Energy, <\/strong>cu o cre\u0219tere de +0,33%<\/p>\n\n\n\n<p><strong>Sc\u0103deri:<\/strong><\/p>\n\n\n\n<p>\u25a0 <strong>Utilities, <\/strong>cu o&nbsp; sc\u0103dere&nbsp; de&nbsp; -0,32%<\/p>\n\n\n\n<p>\u25a0 <strong>Consumer defensive, <\/strong>cu o&nbsp; sc\u0103dere&nbsp; de -1.37 %<\/p>\n\n\n\n<p>\u25a0 <strong>Consumer Cyclical, <\/strong>cu o sc\u0103dere de -1,43 %<\/p>\n\n\n\n<p>\u25a0 <strong>Communication Services, <\/strong>cu o sc\u0103dere de -2,32%&nbsp;<\/p>\n\n\n\n<p>\u25a0 <strong>Industrials, <\/strong>cu o&nbsp; sc\u0103dere&nbsp; de -2,33 %<\/p>\n\n\n\n<p>\u25a0 <strong>Real Estate, <\/strong>cu o&nbsp; sc\u0103dere&nbsp; de -2,43 %<\/p>\n\n\n\n<p>\u25a0 <strong>Technology, <\/strong>cu o&nbsp; sc\u0103dere&nbsp; de de -3,09 %<\/p>\n\n\n\n<p>\u25a0 <strong>Basic materials, <\/strong>cu o sc\u0103dere&nbsp; de -4,86 %<\/p>\n\n\n\n<p>\u25a0 <strong>Healthcare, <\/strong>cu o sc\u0103dere de -5,98%<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>CALENDARUL S\u0102PT\u0102M\u00c2NII \u00ceN CURS<\/strong><\/h2>\n\n\n\n<p><strong>18-22 Noiembrie<\/strong><\/p>\n\n\n\n<p><strong>Evenimentele majore de s\u0103pt\u0103m\u00e2na trecut\u0103 au fost oferite de raportarea cifrei infla\u021biei &#8211; \u00een u\u0219oar\u0103 cre\u0219tere \u0219i declara\u021biile pre\u0219edintelui Fed cum c\u0103 economia nu-i ofer\u0103 semnale c\u0103 ar trebui s\u0103 mai umble la rata dob\u00e2nzii.<\/strong><\/p>\n\n\n\n<p><strong>\u00cen aceast\u0103 s\u0103pt\u0103m\u00e2n\u0103, pu\u021bine evenimente economice cu impact asupra burselor ar fi raportarea Leading Economic Index (LEI), de joi, \u0219i Consumer Sentiment final, pentru luna Noiembrie, care va fi anun\u021bat vineri.<\/strong><\/p>\n\n\n\n<p><strong>MAR\u021aI \/ 19 NOIEMBRIE&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>ORA 16.30&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Housing starts. <\/strong>Se a\u0219teapt\u0103 o u\u0219oar\u0103 sc\u0103dere a construc\u021biilor de case noi pentru raportarea de pe luna Octombrie, de la 1,35 milioane \u00een luna Septembrie, la 1,34 milioane \u00een luna trecut\u0103.<\/li>\n<\/ul>\n\n\n\n<p><strong>JOI \/ 21 NOIEMBRIE&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>ORA 16.00&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Existing homes sales. <\/strong>Se a\u0219teapt\u0103 o raportare \u00een cre\u0219tere, de la 3,84 milioane de case v\u00e2ndute luna Septembrie, la 3,91 milioane luna Octombrie, \u00een pofida pre\u021bului destul de ridicat al caselor, element care a fost se pare principalul motiv al cre\u0219terii u\u0219oare a indicelui infla\u021biei.<\/li>\n<\/ul>\n\n\n\n<p><strong>ORA 16.00&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Leading Economic Index (LEI), pentru Octombrie. <\/strong>Se a\u0219teapt\u0103 o raportare de sc\u0103dere de -0,4% fa\u021b\u0103 de raportarea anterioar\u0103, pe Septembrie, de 0,5%.<\/li>\n<\/ul>\n\n\n\n<p>LEI nu este un indicator absolut (cum ar fi PIB-ul), ci un compozit care reflect\u0103 schimb\u0103rile \u00een activitatea economic\u0103 viitoare. Astfel:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cre\u0219teri constante -&gt; S\u0103n\u0103tate economic\u0103.<\/li>\n\n\n\n<li>Sc\u0103deri constante -&gt; \u00cengrijorare economic\u0103.<\/li>\n<\/ul>\n\n\n\n<p>Pentru a determina ce este \u201ebun\u201d pentru economie, LEI trebuie analizat \u00eempreun\u0103 cu al\u021bi factori economici, cum ar fi \u0219omajul, rata infla\u021biei \u0219i PIB-ul.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfsDMpDyq2bMmYzN9Gdp2Ps4C_NAw7-CY8LByyqKIm84jTWXYi_O-kZnOApssMuLH7AAMTNcN2hGh6BmMhfLS2IUfsR0cj1ROluokC3hrO29yxPLXtFbnJH9ojUpmcNJReBWKZ9tNHqYUu9sm9PEg?key=xDOISBTpxFuOafFfBAkSIvJC\" alt=\"\"\/><\/figure>\n\n\n\n<p>Mai sus, graficul care arat\u0103 o linie ro\u0219ie ce semnalizeaz\u0103 posibila intrare \u00een recesiune. De\u0219i LEI este sub aceast\u0103 linie, nu se a\u0219teapt\u0103 o recesiune \u00een viitorul apropiat, ci o probabil\u0103 temperare a cre\u0219terii economice.<\/p>\n\n\n\n<p><strong>VINERI \/ 22 NOIEMBRIE&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>ORA 16,00<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Consumer sentiment (final), pe Noiembrie. <\/strong>Se a\u0219teapt\u0103 o cre\u0219tere, de la 73 la 73,5.<\/li>\n<\/ul>\n\n\n\n<p>Sentimentul consumatorilor se refer\u0103 la atitudinea, \u00eencrederea \u0219i a\u0219tept\u0103rile generale ale consumatorilor cu privire la s\u0103n\u0103tatea economiei, la situa\u021bia lor financiar\u0103 personal\u0103 \u0219i la dorin\u021ba lor de a cheltui bani.<\/p>\n\n\n\n<p>&nbsp;Este un indicator economic cheie, deoarece cheltuielile de consum reprezint\u0103 un motor important al cre\u0219terii economice, \u00een special \u00een \u021b\u0103ri precum Statele Unite.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>ANALIZA TRENDURILOR PRINCIPALILOR INDICI BURSIERI&nbsp;<\/strong><\/h4>\n\n\n\n<p>S\u0103pt\u0103m\u00e2na trecut\u0103 5 dintre indicii globali au \u00eenregistrat scaderi:&nbsp;<\/p>\n\n\n\n<p>\u25cf <strong>S&amp;P500, US (simbol US500) <\/strong>a \u00eenregistrat o sc\u0103dere de <strong>2,08%<\/strong> \u00een ultima s\u0103pt\u0103m\u00e2n\u0103;<\/p>\n\n\n\n<p>\u25cf <strong>DAX, Germania (simbol DE40) <\/strong>a \u00eenregistrat o sc\u0103dere de <strong>0,56%<\/strong> \u00een ultima s\u0103pt\u0103m\u00e2n\u0103;&nbsp;<\/p>\n\n\n\n<p>\u25cf&nbsp; <strong>Shanghai, China (SSEC) <\/strong>a \u00eenregistrat o sc\u0103dere de<strong> 3,52%<\/strong> \u00een ultima s\u0103pt\u0103m\u00e2n\u0103;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;<strong>Nikkei 225, Japonia (simbol JP225) <\/strong>a \u00eenregistrat o sc\u0103dere de <strong>2,09%<\/strong> \u00een ultima s\u0103pt\u0103m\u00e2n\u0103;&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>\u25cf <strong>Nifty, India (NFTY) <\/strong>a \u00eenregistrat o&nbsp; sc\u0103dere de <strong>2,82%<\/strong> \u00een ultima s\u0103pt\u0103m\u00e2n\u0103.<\/p>\n\n\n\n<p><strong>Indicele DAX <\/strong>din Germania a corectat u\u0219or \u0219i s\u0103pt\u0103m\u00e2na aceasta. Zona 18,900-18,950 reprezinta un suport cheie pe termen scurt.<\/p>\n\n\n\n<p><strong>Indicelui Shanghai Composite<\/strong> a reluat scaderile s\u0103pt\u0103m\u00e2na trecut\u0103. Gap-ului la 3,087-3,150 reprezinta un prag cheie.<\/p>\n\n\n\n<p><strong>Indicele din India<\/strong> <strong>Nifty r<\/strong>amane pe trend negativ pe termen scurt si testeaz\u0103 linia de trend la nivelul de 23,300. O scadere sub acest nivel ar semnala o poten\u021bial\u0103 accelerare a scaderii.<\/p>\n\n\n\n<p><strong>Indicele japonez Nikkei <\/strong>reintr\u0103 pe trend negativ. Revenirea de dup\u0103 pr\u0103bu\u0219irea din luna august pare mai degrab\u0103 corectiv\u0103 dec\u00e2t reluarea trendului cresc\u0103tor.<\/p>\n\n\n\n<p><strong>Vezi graficele de mai jos:&nbsp;<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"688\" height=\"800\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.29.39.png\" alt=\"\" class=\"wp-image-1334\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.29.39.png 688w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.29.39-258x300.png 258w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.29.39-150x174.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.29.39-300x349.png 300w\" sizes=\"(max-width: 688px) 100vw, 688px\" \/><\/figure>\n\n\n\n<p><strong><em>DAX (Germania) &#8211; grafic daily&nbsp;<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"686\" height=\"800\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.31.59.png\" alt=\"\" class=\"wp-image-1336\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.31.59.png 686w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.31.59-257x300.png 257w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.31.59-150x175.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.31.59-300x350.png 300w\" sizes=\"(max-width: 686px) 100vw, 686px\" \/><\/figure>\n\n\n\n<p><strong><em> <\/em><\/strong><strong><em>Shanghai Composite (China) &#8211; daily<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"684\" height=\"796\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.38.05.png\" alt=\"\" class=\"wp-image-1338\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.38.05.png 684w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.38.05-258x300.png 258w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.38.05-150x175.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.38.05-300x349.png 300w\" sizes=\"(max-width: 684px) 100vw, 684px\" \/><\/figure>\n\n\n\n<p><strong><em>Indicele <\/em>NFTY <\/strong>(<em><strong>I<\/strong><\/em><strong><em>ndia) &#8211;  daily&nbsp; <\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"688\" height=\"800\" src=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.39.55.png\" alt=\"\" class=\"wp-image-1340\" srcset=\"https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.39.55.png 688w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.39.55-258x300.png 258w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.39.55-150x174.png 150w, https:\/\/market-monitor.staginghub.net\/wp-content\/uploads\/2024\/11\/Screenshot-2024-11-18-at-12.39.55-300x349.png 300w\" sizes=\"(max-width: 688px) 100vw, 688px\" \/><\/figure>\n\n\n\n<p><strong><em>Nikkei 225 (Japonia) &#8211; daily<\/em><\/strong><\/p>\n\n\n\n<p><em>Sursa investing.com<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>OPINII \u0218I PERSPECTIVE &#8211; CE SPUN ANALI\u0218TII<\/strong><\/h4>\n\n\n\n<p><strong>\u25cf <\/strong><strong>MARKET WATCH: ANALI\u0218TII SUNT TOT MAI CONVIN\u0218I C\u0102 FED NU VA MAI T\u0102IA DIN RATA DOB\u00c2NZII PREA REPEDE<\/strong><\/p>\n\n\n\n<p><strong><em>\u201cWe are in the camp that believes we will see one more quarter-point cut in December and then a pause until March,when Fed officials should have a better idea of what incoming President Donald Trump\u2019s policies will be\u201d&nbsp; &#8211; Peter Azzinaro, a partner and senior portfolio manager at Agile Investment Management in Florida.<\/em><\/strong><\/p>\n\n\n\n<p>Vezi articolul mai jos:<\/p>\n\n\n\n<p><a href=\"https:\/\/www.marketwatch.com\/story\/investors-are-bracing-for-higher-for-even-longer-interest-rates-a0ec4c8f?mod=home-page\">Investors are bracing for higher for even longer interest rates<\/a><\/p>\n\n\n\n<p><strong>\u25cf<\/strong> <strong>INVESTING.COM: DE CE TARIFELE VOR FI APLICATE DE\u0218I AFECTEAZ\u0102 INFLA\u021aIA?:<\/strong> Tarifele adaug\u0103 \u00een mod inerent costuri la bunurile importate, impactul ajung\u00e2nd \u00een cele din urm\u0103 la consumatorii americani.<br>Atunci c\u00e2nd un tarif, de exemplu, impune o tax\u0103 de 20% asupra unui articol importat, pre\u021bul final al acestuia \u00een magazine poate reflecta o cre\u0219tere de doar 8%. Acest impact mai pu\u021bin dramatic asupra pre\u021burilor la raft se datoreaz\u0103 faptului c\u0103 tarifele se aplic\u0103 numai la punctul de import. Pe m\u0103sur\u0103 ce produsele se deplaseaz\u0103 de-a lungul lan\u021bului de aprovizionare, o parte din cre\u0219terea costurilor este atenuat\u0103 prin ajust\u0103ri ale marjelor de profit \u0219i ale altor costuri de distribu\u021bie, f\u0103c\u00e2nd aceste cre\u0219teri mai pu\u021bin vizibile pentru consumatori. <\/p>\n\n\n\n<p>Vezi articolul mai jos:<\/p>\n\n\n\n<p><a href=\"https:\/\/www.investing.com\/news\/economy\/why-inflation-may-not-stop-tariffs-3714468\">Why inflation may not stop tariffs<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><em>La final, dup\u0103 ce ai fost pus la curent cu informa\u021biile importante din ultima s\u0103pt\u0103m\u00e2n\u0103,<\/em><em> <\/em><em>am ajuns \u0219i la <\/em><strong><em>capitolul s\u0103pt\u0103m\u00e2nal de educa\u021bie<\/em><\/strong><em>.<\/em><em>&nbsp;<\/em><\/p>\n\n\n\n<p><em>Vei primi informa\u021bii peste nivelul cursurilor clasice, cu<\/em><em> <\/em><em>analize pe cazuri concrete, de analiz\u0103 fundamental\u0103 \u0219i analiz\u0103 tehnic\u0103, ce te vor ajuta s\u0103 \u00een\u021belegi mai bine pia\u021ba.<\/em><em>&nbsp;<\/em><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong><em>SEC\u021aIUNEA DE EDUCA\u021aIE&nbsp;<\/em><\/strong><\/h4>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Analiza Fundamental\u0103.<\/strong><\/h4>\n\n\n\n<p><strong>&nbsp;INDICATORI DE LICHIDITATE<\/strong><\/p>\n\n\n\n<p><strong>Lichiditatea generala (current ratio) si lichiditatea imediata (quick ratio)<\/strong><\/p>\n\n\n\n<p>Lichiditatea generala si lichiditatea imediata sunt doi dintre cei mai folosi\u021bi indicatori de lichiditate.<\/p>\n\n\n\n<p><strong>Indicatorul lichiditate generala (current ratio).<\/strong><\/p>\n\n\n\n<p>Formula de calcul pentru lichiditatea generala este urm\u0103toarea :<\/p>\n\n\n\n<p><strong>Lichiditatea generala = Active curente\/ Datorii curente<\/strong><\/p>\n\n\n\n<p>Activele curente listate \u00een bilan\u021bul unei companii includ numerarul, crean\u021bele, stocurile \u0219i alte active curente care se a\u0219teapt\u0103 s\u0103 fie lichidate sau transformate \u00een numerar \u00een mai pu\u021bin de un an.<\/p>\n\n\n\n<p>Datoriile curente includ datoriile cu furnizorii, salariile, impozitele de pl\u0103tit, datoriile pe termen scurt \u0219i partea curent\u0103 a datoriei pe termen lung.<\/p>\n\n\n\n<p><strong>Interpretarea indicatorului lichiditate generala (current ratio).<\/strong><\/p>\n\n\n\n<p><strong>O valoare peste 1 <\/strong>este interpretat\u0103 ca fiind o situa\u021bie favorabil\u0103 pentru companie,<strong> \u00een timp ce o valoare sub 1 <\/strong>&nbsp;poate p\u0103rea alarmanta, dar un singur indicator nu ofer\u0103 \u00eentotdeauna o imagine complet\u0103 a lichiditatii unei companii.<\/p>\n\n\n\n<p><strong>Indicatorul lichiditate imediat\u0103 (quick ratio).<\/strong><\/p>\n\n\n\n<p>Exist\u0103 2 moduri diferite de a calcula indicatorul lichiditate imediat\u0103 dar care conduc la acela\u0219i rezultat.<strong> Cea mai comun\u0103 abordare este de a ad\u0103uga cele mai lichide active \u0219i de a \u00eemp\u0103r\u021bi totalul la datoriile curente :<\/strong><\/p>\n\n\n\n<p><strong>Lichiditatea imediat\u0103 = (Numerar + Echivalente de numerar + Valori mobiliare tranzac\u021bionabile + Creante nete de \u00eencasat)\/ Datorii curente<\/strong><\/p>\n\n\n\n<p>\u00cen func\u021bie de tipul de active curente pe care o companie le are \u00een bilan\u021b, o companie poate calcula lichiditatea imediat\u0103 prin deducerea activelor curente nelichide din bilan\u021bul s\u0103u. De exemplu, luand \u00een considerare faptul c\u0103 stocurile \u0219i cheltuielile pl\u0103tite \u00een avans pot s\u0103 nu fie u\u0219or sau rapid convertite \u00een numerar, o companie poate calcula lichiditatea imediat\u0103&nbsp; dup\u0103 cum urmeaz\u0103 :<\/p>\n\n\n\n<p><strong>Lichiditatea imediat\u0103 = (Total active curente \u2013 Stocuri \u2013 Cheltuieli pl\u0103tite \u00een avans)\/ Datorii curente<\/strong><\/p>\n\n\n\n<p><strong>Studiu de caz : Nvidia<\/strong><\/p>\n\n\n\n<p>Pentru exemplificare, am folosit cifrele pentru compania Nvidia.&nbsp; Ne propunem sa calcul\u0103m cei doi indicatori pentru compania Nvidia (simbol NVDA) pentru 4 trimestre consecutive.<\/p>\n\n\n\n<p>Astfel, pentru calculul lichiditatii generale pentru ultimul trimestru folosim ultimele situa\u021bii financiare publicate pe site-ul companiei, respectiv total active circulante si total datorii curente :&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcWJIaZLqipClsKp0qlKY0gU6U0uPHF8LF1T9c5G6fwwu3UV-da62q9mVI5ZjZxWKnF-0Vzoppng1HqR6gR5KZCVhIn8N607y_wI_fa8YNbdITo5eqmdZiodfQFSxXxyeDJWHpqZNizNZXuEFkZlA?key=xDOISBTpxFuOafFfBAkSIvJC\" alt=\"\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXevTtkdhxh56QbFHGstW0EPQIUz4VOqpEu6tcWQqH-8n8DqgbLlE4knKTfLs_nkAMQRgaImQUEcQh_sPNNWTZC_YY1yEa8WL3vsWAbn-JMCYKENCdQyap1NMdlrluCGrrKNs6kFuCL5m9KDuKnAhw?key=xDOISBTpxFuOafFfBAkSIvJC\" alt=\"\"\/><\/figure>\n\n\n\n<p><strong><\/strong><em>Sursa:<\/em><a href=\"https:\/\/nvidianews.nvidia.com\/news\/nvidia-announces-financial-results-for-second-quarter-fiscal-2025\"><em> <\/em><em>NVIDIA Announces Financial Results for Second Quarter Fiscal 2025 | NVIDIA Newsroom<\/em><\/a><\/p>\n\n\n\n<p><strong>Asadar lichiditatea generala = 59.633 milioane USD\/ 13.969 milioane USD = 4,27<\/strong><\/p>\n\n\n\n<p>Pentru calculul lichiditatii imediate vom lua \u00een considerare totalul activelor curente, mai pu\u021bin stocurile. Este nevoie de o remarca \u00eens\u0103 : \u00een cazul companiei NVDA, cheltuielile pl\u0103tite \u00een avans \u0219i alte active curente sunt prezentate impreuna, de aceea nu le sc\u0103dem din total active curente. \u00cen cazul \u00een care cheltuielile pl\u0103tite \u00een avans ar fi fost prezentate separat, ele ar fi fost excluse din calculul lichiditatii imediate.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXeiOsGaElJTq6y9p6BWPh_ySFaVwq5OspKfXiiRezoqJImRkCa5DbVIvAxAKg4ywPXU8mbfyhxm-K1rNB_V6THpo-p_0Wjw_bKsgGbVjdy4Gy4IwYNhLKOgAs89emIy-7jJFl49_3DhpLnIAyEY9to?key=xDOISBTpxFuOafFfBAkSIvJC\" alt=\"\"\/><\/figure>\n\n\n\n<p>Sursa:<a href=\"https:\/\/nvidianews.nvidia.com\/news\/nvidia-announces-financial-results-for-second-quarter-fiscal-2025\"> NVIDIA Announces Financial Results for Second Quarter Fiscal 2025 | NVIDIA Newsroom<\/a><\/p>\n\n\n\n<p>Lichiditatea imediat\u0103 = (34.800 + 14.132 + 4.026)milioane USD\/ 13.969 milioane USD = 3,79<\/p>\n\n\n\n<p>Mai jos am selectat companiile cu capitalizare mai mare de 100 miliarde de dolari din sectorul Tehnologie \u2013 industria Semiconductori :&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXczPF7N-MIq4T3N3hZoyC8ZL8Wm3m2EoqU_BA-8TLPrEZMl1RlTceS_QpMgHoPJz2y8OaLBSVVJGiRhuBEClQCgTiRriOo-e_M-LxhpkMp3Y4B1Dhljx2dZb8bhhJNABshgsKtGk53SV5TNeMulu8w?key=xDOISBTpxFuOafFfBAkSIvJC\" alt=\"\"\/><\/figure>\n\n\n\n<p><em>Sursa: Finviz<\/em><\/p>\n\n\n\n<p>Dup\u0103 cum se poate observa, NVDA este a doua companie dup\u0103 Arm Holdings Plc. (simbol ARM) care are cei mai performan\u021bi indicatori de lichiditate.<\/p>\n\n\n\n<p>\u00cen afara de indicatorii pentru ultimul trimestru, este important sa urmarim si <strong>evolutia in timp a indicatorilor de lichiditate<\/strong>. Prezent\u0103m mai jos indicatorii pentru ultimele 4 trimestre :<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfdzzVCuNinbXhpkN9EcohKP5vgsfKdIw3KQ7vvvvuqmJuPPuziImj2EpXDVz0dJJ6XADYnzoCgTXiZN0LKAd_2NzFHOw1b4AEK2O8oRommbA4Uni_5Y8smfPLIf7PWDWlzuK5t4lZYHj9H-CdbEkw?key=xDOISBTpxFuOafFfBAkSIvJC\" alt=\"\"\/><\/figure>\n\n\n\n<p>Dup\u0103 cum se observ\u0103, nu doar ca indicatorii se afla peste valoarea 1, ei se afla \u0219i pe un trend ascendent \u00een ultimul an, ceea ce este un semnal bun. Acest lucru se traduce printr-o lichiditate peste medie, care se \u00eembun\u0103t\u0103\u021be\u0219te de la an la an \u0219i reflect\u0103 capacitatea companiei de a-\u0219i pl\u0103ti datoriile curente folosind totalul activelor curente c\u00e2t si partea cea mai lichid\u0103 din activele curente, dup\u0103 eliminarea stocurilor.<\/p>\n\n\n\n<p><strong>Important ! Atunci cand dorim sa selectam companii \u00een Finviz, este important s\u0103 \u00een\u021belegem ce indicatori sunt relevan\u021bi pentru fiecare sector. Urmeaz\u0103 cateva exemple de sectoare si industrii pentru care cei doi indicatori de lichiditate nu sunt relevan\u021bi si deci nu este recomandat ca ei sa fie un criteriu de selec\u021bie.<\/strong><\/p>\n\n\n\n<p>\u00cen cazul companiilor din sectorul imobiliar, al fondurilor de investi\u021bii \u0219i al societ\u0103\u021bilor de asigurari, indicatorii lichiditate generala si lichiditate imediat\u0103 nu sunt relevan\u021bi. Aceasta pentru c\u0103 \u00een cazul acestor companii din sectorul financiar, stocurile, crean\u021bele \u0219i cheltuielile \u00een avans nu sunt active foarte lichide, a\u0219a cum sunt \u00een cazul unei companii care are ca obiect de activitate produc\u021bia de componente auto de exemplu.&nbsp;<\/p>\n\n\n\n<p>\u00cen schimb, companiile din domeniul financiar folosesc, al\u0103turi de situa\u021bia fluxurilor de trezorerie, al\u021bi indicatori relevan\u021bi pentru a analiza lichiditatea.<\/p>\n\n\n\n<p>Un alt caz similar din sectorul financiar este cel al b\u0103ncilor pentru care indicatorul lichiditate imediat\u0103 nu este relevant.<\/p>\n\n\n\n<p><strong>Concluzie : este important sa comparam valoarea la o anumit\u0103 data a indicatorilor de lichiditate cu celelalte companii din acela\u0219i sector c\u00e2t \u0219i s\u0103 urm\u0103rim evolu\u021bia lor \u00een timp. \u00cen plus, indicatorii de lichiditate trebuiesc corela\u021bi cu al\u021bi indicatori financiari (de exemplu, cu indicatori de profitabilitate, risc, etc.)<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>&nbsp;REZUMAT FINAL \/  3 TAKEAWAYS<\/strong><\/h4>\n\n\n\n<h4 class=\"wp-block-heading\"><strong><strong>De re\u021binut:&nbsp;<\/strong><\/strong><\/h4>\n\n\n\n<p>Un rezumat al celor mai importante trei lucruri prezentate ast\u0103zi \u00een newsletter, pe care ar trebui sa le iei cu tine:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>INFLA\u021aIA A CRESCUT U\u0218OR <\/strong>&nbsp;Raport\u0103rile <strong>indicelui CPI (Consumer Price Index sau infla\u021bia)<\/strong> de s\u0103pt\u0103m\u00e2na trecut\u0103 a ar\u0103tat o u\u0219oar\u0103 cre\u0219tere a infla\u021biei anuale la 2,6% de la 2,4%, dar este \u00een limitele previzionate. Trump va introduce cu siguran\u021b\u0103 tarife la importuri, ceea ce va cre\u0219te pe termen scurt infla\u021bia, dar mai apoi istoricul arat\u0103 c\u0103 aceste cre\u0219teri de pre\u021buri se domolesc \u00een timp prin diverse ajust\u0103ri ale marjelor de profit pe lan\u021bul distribuitorilor \u0219i v\u00e2nz\u0103torilor.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>FED SE MAI G\u00c2NDE\u0218TE DAC\u0102 REDUCE DOB\u00c2NDA<\/strong> &nbsp;S\u0103pt\u0103m\u00e2na trecut\u0103 Jerome Powell a avut o conferin\u021b\u0103 de pres\u0103 \u00een care afirmat c\u0103 nu vede semnale din economie care s\u0103-l preseze s\u0103 scad\u0103 dob\u00e2nda de referin\u021b\u0103 \u00een mod accelerat. Anali\u0219tii se a\u0219teapt\u0103 ca Fed s\u0103 mai fac\u0103 o reducere de 25 de puncte procentuale \u00een Decembrie \u0219i apoi s\u0103 ia o pauz\u0103 s\u0103 vad\u0103 ce efecte au m\u0103surile lui Trump.<\/li>\n<\/ul>\n\n\n\n<p><strong>\u25cf &nbsp;NVIDIA RAPORTEAZ\u0102 MIERCURI <\/strong>Ultimul dintre cei <strong>7 Magnifici<\/strong> din tehnologie va avea raport\u0103ri miercuri, cu efecte asupra bursei. Sezonul raport\u0103rilor \u00eencepe s\u0103 se apropie de final.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"has-text-align-left\"><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;   O s\u0103pt\u0103m\u00e2n\u0103<\/strong><strong> <\/strong><strong>profitabil\u0103!&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>Urm\u0103toarea edi\u021bie &#8211; 25 noiembrie<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>18 Noiembrie 2024 Bun venit venit la edi\u021bia s\u0103pt\u0103m\u00e2nal\u0103 a newsletter-ului nostru despre pie\u021bele interna\u021bionale.&nbsp; Acest material este structurat pe 3 categorii de informa\u021bii, pentru o lectur\u0103 mai facil\u0103 \u0219i urm\u0103rirea cursiv\u0103: Acest newsletter are scop pur informativ \u0219i educativ, prin urmare nu con\u021bine recomand\u0103ri de investi\u021bii.&nbsp; SEC\u021aIUNEA: MARKET PERFORMANCE&nbsp; Rezumatul s\u0103pt\u0103m\u00e2nii precedente:&nbsp; 11 &#8211; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":{"0":"post-1363","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-newsletter-ro"},"acf":[],"_links":{"self":[{"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/posts\/1363"}],"collection":[{"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/comments?post=1363"}],"version-history":[{"count":1,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/posts\/1363\/revisions"}],"predecessor-version":[{"id":1364,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/posts\/1363\/revisions\/1364"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/media\/1374"}],"wp:attachment":[{"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/media?parent=1363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/categories?post=1363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/market-monitor.staginghub.net\/ro\/wp-json\/wp\/v2\/tags?post=1363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}